Clenergy Technology Balance Sheet Health
Financial Health criteria checks 5/6
Clenergy Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥685.5M, which brings its debt-to-equity ratio to 52.2%. Its total assets and total liabilities are CN¥2.8B and CN¥1.5B respectively. Clenergy Technology's EBIT is CN¥136.6M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥316.2M.
Key information
52.2%
Debt to equity ratio
CN¥685.47m
Debt
| Interest coverage ratio | 6.8x |
| Cash | CN¥316.19m |
| Equity | CN¥1.31b |
| Total liabilities | CN¥1.50b |
| Total assets | CN¥2.81b |
Recent financial health updates
Recent updates
The Returns At Clenergy Technology (SHSE:603628) Aren't Growing
Oct 23
Clenergy Technology Co., Ltd.'s (SHSE:603628) Share Price Could Signal Some Risk
Sep 30Here's Why Clenergy Technology (SHSE:603628) Has A Meaningful Debt Burden
Jul 17Some Clenergy Technology Co., Ltd. (SHSE:603628) Shareholders Look For Exit As Shares Take 31% Pounding
Jun 25Clenergy Technology's (SHSE:603628) Anemic Earnings Might Be Worse Than You Think
May 06Does Clenergy Technology (SHSE:603628) Deserve A Spot On Your Watchlist?
Mar 24Improved Earnings Required Before Clenergy Technology Co., Ltd. (SHSE:603628) Stock's 29% Jump Looks Justified
Mar 08Financial Position Analysis
Short Term Liabilities: 603628's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥912.3M).
Long Term Liabilities: 603628's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥588.7M).
Debt to Equity History and Analysis
Debt Level: 603628's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: 603628's debt to equity ratio has reduced from 70.5% to 52.2% over the past 5 years.
Debt Coverage: 603628's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 603628's interest payments on its debt are well covered by EBIT (6.8x coverage).